New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-14
CLOSING PRICES OF CA LIFORNTA STOCKS
SAN EKANCISl,O. Oct 13. II
THURSDAY. Oct. 1872. ".

Seven railroads to day reported their gross earn
ngs for the first week OF October and OF the seven two
companies show losses from the week OF 1896 The
roads show aggregate gain of 1878 or 179
per cent The comparisons printed at the foot OF THIS
article.
The stock market unusually active. At the stock
Exchange the recorded sales amount 1914 shares
The opening prices generally higher than last
evenings closing figures. LONDON was
moderate buyer at the early quotations
and both local "bus" and "bears" were
competitors the securing Of stocks which yesterdays
sharp decline expected to bing to market The sup
ply OF stocks however not equal to the sangune
anticipation OF the "bears" So, after little time
there renewed attack values. with the t Paul
stock put to the front After opening at 72 it was
sold down TO 70 and for period affected the general
market, but reason for overrued fiction and tho
general market responded to the logic OF supply
anl demand and dragged St. Paul back TO 92s
a017s. Chicago did fail furnish the Street with
its usual quota ofsensatona and untrue dispatches con-
corning the railway situation out West, but as
stocks have had heavy decline based
such reports, both buyers for the "long
aud "short" accounts looking for bargains
to be obtained from weak frightened holders The
coal stocks and trunk ne stocks in special de-
mand from the opening tho end Lake Shore closed
q per cent higher than last nights price, and Phila
delpha and Reading closed Is higher than
last evenings figures aud the same rs
IT opened yesterday morning Nor bern
Pacific preferred again sharply attacked in the
early DEALINGS, but it closed q per cent higher than last
evening, and Dragon Transconneutal after having sold
OF q ,losed at IL Union Pacific forced down
II i2and I.cr sold sold IG4 aiGls Western Union
yielded > to II b and then steadily rose to 76A076s
OF every Is surprised ut the action OF the
syndicate which has contracted To take F5,OO0OO0 OF
the Baltimore aud Ohio preferred stock AMI S5O00OOO
OF its fir. mortgage bonds to market on insisting thai
the company should pass its regular dividend when 1t
had than earned it in the last TX mouths
IL Is the common topic OF conversation, but
no one ventures solution of the complication
which the problem presents. syndicate PLEDGED 10
market certain amount OF securities deliberately dc
sroying it3 market - something novel III nanco
that outside OF it comprehends It. Does desire
the earth and its contents at a small yanatlont Is the
common question propounded There is no question
tina. the Philadelphia and Reading first series os dput
have been appeascdby some method not yet made
public nor that the reorganization OF Philadelphia ana
Reading Railroad and coal and Iron Companies no" will
rapidly proceed final adj ustmcut. wiJhout resort to
q foreclosure which might involve the question OF the
company's franchise.
The market closed strong at about the highest prices
OF The day.
Government bonds we're hrm with the bills for the "a
advanced i per cent Annexed are the closing quota
ton: